Difference in Sales Turnover and GST Turnover

Dear Sir,

Applicant has approached for working capital requirements in the form of overdraft. on scrutiny of latest ITR, Audited financials, Tax audit report certified by CA with UDIN and GST Turnover for the same year there is a variation in sales Turnover and GST Turnover. The sales Turnover reported as Rs 203 lakh and GST Turnover reported as Rs 264 lakh. After being asked clarification for variation, applicant has submitted modified Audited financials as per which sales Turnover reported as Rs 264 lakh

Query: 1.Whether Audited financials can be modified?
2. If modified same shall be reported to income tax by filing revised return?
3.Why intially sales reported less later tallied with GST Turnover
Replies (1)
Difference in gst and sales turnover depends on the following.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details